Finance

The American electric vehicle start-up backed by Amazon has halted a joint venture with Mercedes-Benz to produce vans in Europe. Rivian, which has been seeking to reduce its cash burn, said that it wanted to concentrate on its existing commercial deals. Rivian and Mercedes signed a memorandum of understanding in...

Elon Musk has scrapped Twitter’s working from home policy and ordered its staff back to the office, days after firing 3,700 employees. The social media platform’s new owner told staff in an email that its “road ahead is arduous and will require intense work to succeed”. The Tesla CEO added...

High street giant Marks and Spencer is set to close 67 stores over the next five years as part of a major shake-up. The retailer said it is shutting some of its “lower productivity, full line stores”, but announced that it’ll be launching 104 new “bigger and fresher” food...

Fashion Cloud has announced it has received an investment of €25 million, led by European specialist growthequity investor Verdane. Verdane’s deep expertise in the B2B software business along with its large international network andits team of in-house specialists will support Fashion Cloud on its growth trajectory. Alongside Verdane, existing...

Why is the huge betting demand for QATAR? The main reason is that in November 2022 Qatar hosts the first Middle East and North Africa (MENA) region FIFA World Cup. With Doha as its capital city, Qatar is one of the Arab world’s most progressive states. Sport has played...

Thousands of rail workers including signalling staff voted by three to one in favour to accept the offer, a 9% pay increase over two years, in a referendum that closed on Monday. The union said that on a turnout of nearly 90%, its members voted by 76%-24% to accept...

Jeremy Hunt announced his Spring Budget today, with many for UK business, those looking to get back into the employment market Here are the key points as they were announced: UK economy to contract by 0.2% this year but avoid recession The chancellor offers more details on the OBR forecasts. He says...

Although we’ve come a long way when it comes to making the workplace more inclusive for people no matter their race, gender, sexuality or disability, there are people who think that their place of work still has a long way to go. As we dive head first into the...

Shell has put more than 2,000 jobs in the UK at risk after launching a “strategic review” of its domestic energy and telecoms supply division. The oil and gas supermajor said on Thursday that it had told staff in Shell Energy, which has operations in the UK, the Netherlands...

Unions have warned on the future of UK steelmaking after British Steel announced it will shut its coking ovens in Scunthorpe and cut up to 260 jobs. The Chinese-owned firm blamed an “unprecedented” rise in energy costs and demands to be greener. The biggest steelworkers’ union said the cuts could...